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Education Department (ED) said it has discovered a calculation error in student financialaid applications sent to colleges this month and will need to reprocess them, potentially continuing delays for college applications.
Higher ed association leaders are looking to address financialaid confusion by forming a task force to establish guiding principles and standards for student aid offers. Dr. Ted Mitchell Higher ed institutions often use different terminology and guidelines when providing financialaid information.
It’s been a year of missteps, miscalculations, confusion, delays, glitches, and frustration after the botched launch of the simplified FAFSA, which has prevented financialaid packages from being awarded to students with ample time to make plans for their future. Last week, Secretary of Education Dr. Miguel A.
Originally scheduled for release in August, Federal Student Aid announced yesterday that batch corrections will not be available for the 2024-25 FAFSA. This surprising announcement places a significant burden on FinancialAidAdministrators and may cause further delays in granting aid to students.
The National Association of Independent Schools found over the course of the 2022-23 school year that 43 percent of students at boarding schools received financialaid , and at day schools that number was 24 percent. Expanding eligible financialaid for expenses beyond tuition, such as extracurricular activities, books, and supplies.
Unfortunately, recent research suggests that many students are not provided clear, concise, and accurate information they need to fully understand the financial implications of the choices they have made. Moreover, schools have resources at their disposal to do so. Moreover, schools have resources at their disposal to do so.
In the landscape of financialaidadministration, staffing challenges have persistently taken center stage, echoing across industry publications for the past five years.
Institutions review the data and put together a financialaid offer, helping families decide which institution is the best fit for them and their wallets. For states that run out of state aid, if you’re not one of the students who was able to successfully navigate getting a FAFSA I.D.,
Resources Word In Wooden Cube Financialaidadministrators are the unsung heroes of the academic world, playing a crucial role in helping students navigate the complex realm of financialaid and achieve their academic goals. To fulfill their responsibilities effectively, … Read more ».
” The webinar’s description is: “Navigating the authority granted for professional judgment can be challenging and complex as a financialaidadministrator. Eastern the Department will present “Professional Judgment and Dependency Considerations.”
Coleman said that a common structure that schools are using is to have an overarching committee focusing on big picture issues, with subcommittees focusing on potential effects for individual departments.
Refugee and asylee students face unique challenges in accessing higher education, but financialaidadministrators can play a crucial role in supporting them. These students are eligible for federal financialaid, yet navigating the documentation and verification processes can be … Read more .
It’s important for students to submit their applications for financialaid as soon as possible. The sooner you file your FAFSA the better your chances of maximizing your financialaid. If you have any questions about school-specific deadlines, you should talk to your financialaidadministrator.
Federal Student Aid confirmed this past Friday in an electronic announcement that it has successfully reprocessed FAFSA records that were negatively affected by issues with FPS and FA-DDX.
Originally scheduled for release in August, Federal Student Aid announced yesterday that batch corrections will not be available for the 2024-25 FAFSA. This surprising announcement places a significant burden on FinancialAidAdministrators and may cause further delays in granting aid to students.
These regulations require FinancialAidAdministrators (FAAs) to establish a robust system for identifying… More » Navigating Conflicting Information in Title IV Administration The post Navigating Conflicting Information in Title IV Administration first appeared on College Aid Services.
The Department of Education has released a new online course designed to guide financialaidadministrators through each part of the FISAP and reviews commons mistakes that users will encounter throughout the process.
Entering her fourth year as a Senior Consultant, Anafe brings over 30 years of experience to College Aid Services and is NASFAA certified in 12 different areas of financialaid.
To give financialaidadministrators time to prepare for the upcoming changes to the FAFSA form in advance of the 2024–25 FAFSA form release, FSA has announced that a 2024–25 FAFSA prototype is now available for use. What is the 2024–25 FAFSA Prototype?
The Department of Homeland Security has announced that financialaidadministrators will need to review a new tutorial for the Systematic Alien Verification for Entitlements system (SAVE) in order to submit a request for third-step verification. What should you know about this requirement?
Navigating college is challenging for any student, but for those experiencing homelessness, the road is far more daunting. In fact, the U.S. Department of Housing and Urban Development estimates that around 56,000 students in higher education experience homelessness annually. This … Read more ».
Citizenship stands as one of the primary areas of student eligibility, with issues requiring review and management by financialaidadministrators. Citizenship and Eligible Noncitizen Matches for student aid applicants. In this session, our presenters will discuss the many facets of understanding and resolving U.S.
FAFSA Application Update – Goodbye EFC and Hello SAI FAFSA Application Update – Goodbye EFC and Hello SAI FAFSA Application Update – Goodbye EFC and Hello SAI Broadcast date: Tuesday, November 7, 2023 Financialaidadministrators are invited to join us as we explore the upcoming changes in the 2024-25 Application Processing Cycle.
The Southern Association of Student FinancialAidAdministrators (SASFAA) held their annual conference in Chattanooga from February 11th – 15th. As SASFAA paved the way for 60 years and will continue to do so for many years to come, the latest information and interesting insights were great to leave with.
That’s why February is National FinancialAid Awareness Month across the U.S., thanks to the National Association of Student FinancialAidAdministrators (NASFAA). The post What to Learn from National FinancialAid Awareness Month for College Bound Students appeared first on CFAA.
A Closer Look at Student Eligibility – Part 2: Managing Citizenship Eligibility Requirements A Closer Look at Student Eligibility – Part 2: Managing Citizenship Eligibility Requirements Broadcast date: Tuesday, May 9, 2023 Citizenship is one of the primary areas of student eligibility that require financialaidadministrators to manage.
Effective during the 2024-25 award year, the FAFSA Simplification Act introduced significant updates to the terminology and definitions around what constitutes as financialaid. One of the notable changes is the renaming of “Estimated Financial Assistance” (EFA) to “Other Financial … Read more ».
As outlined in the Federal Register ( 89 FR 4284 ), all corrections and adjustments to the Fiscal Operations Report (FISAP) for 202324 and the Application to Participate for 202526 must be finalized by 11:59 p.m. ET on December 13, … Read more .
As we prepare for the 2025-2026 FAFSA cycle, the U.S. Department of Education has issued important updates on verification requirements. Here’s what you need to know: 1. Tax and Income Verification: For students whose tax data is transferred directly from … Read more ».
Are You a New FinancialAid Professional? For those new to the financialaid profession, there’s added pressure to make sound decisions for your school and families in need—talk about a balancing act! Wouldn’t it be nice to have a guidebook that tells you exactly what you need to know in your new financialaid role?
The National Association of Independent Schools found over the course of the 2022-23 school year that 43 percent of students at boarding schools received financialaid , and at day schools that number was 24 percent. Expanding eligible financialaid for expenses beyond tuition, such as extracurricular activities, books, and supplies.
Before making that choice, students should ensure that they have received the best possible financialaid offer from each of those colleges. When a student is accepted by a college, he or she can expect to receive a financialaid offer letter with it or a short time afterwards. Dependency override. (A
After fourteen years of commendable leadership, Justin Draeger has announced his resignation as President & CEO of the National Association of Student FinancialAidAdministrators (NASFAA), effective June 21, 2024.
FinancialAidadministrators can access the 2024-25 training materials for this year’s Learning Tracks, which are designed as brief courses that focus on one particular subject at a time and are available through the FSA Training Center.
One crucial area that demands precision, accuracy, and efficiency is financialaidadministration. In the ever-evolving landscape of higher education, institutions are continually seeking innovative ways to optimize their operations, streamline processes, and deliver top-notch services to their students.
This year, the U.S. Department of Education (DOE) has enhanced the FAFSA experience, following the feedback and concerns expressed from last years rollout, as well as the initial Beta Testing that occurred in October 2024. As we continue to assess … Read more .
Gain a comprehensive overview of TDClient, its implementation, and strategies to integrate TDClient with other tools and systems to automate your financialaid processes.
Volume 3 – Electronic Data Exchange and FAFSA Processing revisions explain that a financialaidadministrator (FAA) cannot add or correct personally identifiable… More » 2024–25 FAFSA Specifications Guide (July 2024 Update) The post 2024–25 FAFSA Specifications Guide (July 2024 Update) first appeared on College Aid Services.
Federal Student Aid confirmed this past Friday in an electronic announcement that it has successfully reprocessed FAFSA records that were negatively affected by issues with FPS and FA-DDX.
To celebrate Data Privacy Week in January, the Federal Student Aid Training Center created a collection of training resources for financialaidadministrators. And while this may be the last thing on your mind at this busy time of year, … Read more ».
This fact, which is expected to cause difficulties throughout the financialaid and college admissions process, is glossed over by the positive spin that the ED has adopted for the Better FAFSA Better Future Roadmap (Roadmap) that is the primary instrument for the rollout.
When you are selected for verification , it can feel like a burden, and it may feel like those of us who are working in financialaid are trying to “get into your business” Trust moneyman, it isn’t our choice. Don’t leave your financialaid unclaimed! Let’s face it. How does this work?
There’s been major change over the last year, so it is a great benefit that financialaidadministrators have so many training resources. Now, finding the time to take advantage of them is a completely different story! It’s up to … Read more ».
It also means that soon fall grades will be submitted, so if you’re a financialaidadministrator, your work may not … Read more ». The end of the fall semester brings a lot of fun things like holiday parties and much-needed time off.
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